Commercial real estate is not residential with bigger numbers. The structure is different. The risk is different. The language is different. Three major differences: Lease term length. Five to ten year commitments are common. Operating expenses. Taxes, insurance, maintenance, base year resets and expense stops can dramatically change total cost. ... Read More

Answer: Compass Commercial exclusively represents business owners and tenants, never landlords. This ensures our clients receive conflict free advice when leasing or purchasing office, industrial, retail, or flex space.

The experienced ones focus on total occupancy costs. Base rent is one one piece. Taxes, Cam, Insurance, Utilities, Parking, Base Year and Build Out Expenses are a part of the equation. That is where the deal is really won or lost.

One of the things that make it hard to figure out the costs of leasing a building is that different types of real estate charge differently for space. For instance, a retail or industrial building is going to charge a base rent plus taxes, maintenance and utilities. These charges can ... Read More

Watch this important video:https://youtu.be/ygoPPKAMZXc

All too often clients come up with a round number that feels right in the moment. “I need 5,000 square-feet.”  “I need 8,000 square-feet.” When we ask how they arrive at that number, they cannot say. But none of them want to have enough room for a bowling alley. Help ... Read More

Your company culture might encourage people to flex their schedules and stay late in the evening or come in on weekends during crunch periods. Can your building accommodate you? Does it accommodate the hard workers down the hall at your expense? The big question is who controls the thermometer.If a ... Read More

Let me tell you a story. We were working with a nonprofit on a lease renewal in Ann Arbor. The original landlord of the building was excellent – the trouble only began when he passed away and his son took over. The lease had what we in the business call ... Read More

Answer: One major mistake is not negotiating renewal options or missing the deadlines to exercise them. This can eliminate leverage and significantly increase future rent costs.